14.2.13

Trade snapshot



After eight straight months of decline, India's goods exports rose, albeit marginally, last month.
The growth was 0.82 per cent to $25.58 billion, against $25.37 billion in January last year.
But, imports grew by 6.12 per cent to an alltime high of $45.5 billion from $42.9 billion a year earlier. This widened the trade deficit for the month to $20 billion.
The oil import bill rose by 6.9 per cent to $15.8 billion in January. Oil imports for the April-January period grew by 11.56 per cent to $140.4 billion.
The monthly highest trade deficit ($20.9 billion) in the current year was seen in October. January's was the second highest.
The cumulative deficit in the first 10 months at $167.1 billion inched towards the deficit ($183.4 billion) in the entire 2011-12.
Data released by the commerce ministry indicate cumulative exports during April-January were $239.68 billion, a drop of 4.86 per cent from $251.9 billion in the same period last financial year. Cumulative imports were virtually flat at $406.8 billion.

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